There are only six big-spend projects expected for the UK North Sea and West of Shetland in the coming years, meaning limited opportunity for big players to benefit from windfall tax offsets.
Equinor chief executive Anders Opedal said Rosebank will be needed to shore up UK energy security, and that recent windfall tax measures had not affected the company’s North Sea strategy.
MPs challenged the government over its energy efficiency performance and the continued licensing of new oil and gas fields, while a government minister reiterated a continued need for fossil fuels.
Revisions to the windfall tax – or energy profits levy – increased the estimated bill of Harbour Energy (LON:HBR) by over $2bn, according to analysis.
Aker Solutions (OSLO: AKSO) and Dubai’s Drydocks International have won a deal worth up to £330.5m to upgrade the FPSO for the Equinor Rosebank oilfield.
Aberdeen-headquartered Altera Infrastructure has emerged from Chapter 11 bankruptcy, hailing a deal for the Equinor Rosebank oilfield as a “key driver”.
Equinor (OSLO: EQNR) is chewing over whether to make a play for a package UK North Sea assets currently owned by Suncor, according to reports.
Scottish Greens have called on the UK government to halt development of the controversial Rosebank oil and gas field, but the Tories hit back at their so-called “reckless, uninformed obsession.”
Labour has urged the new UK business secretary to shut down the Rosebank oilfield before it begins production.
Investment decisions could be on the way for Perth, Bentley and Bressay in the North Sea, alongside West of Shetland giants.
More than 2 million barrels per day of floating production system (FPS) throughput capacity could be sanctioned this year – the highest for more than a decade – according to analysis from Westwood Global Energy.
Equinor has been pushed for answers on the emissions profile of its £8bn Rosebank project planned for the West of Shetland.
A coalition of campaign groups have vowed to mount three separate legal challenges to the UK government in a bid to stop the award of new North Sea oil and gas licences.
Protestors have gathered at London's Trafalgar Square Christmas tree to protest Norway-based Equinor's plans to develop the Rosebank oil field in the UK.
BP (LON: BP), Ithaca Energy (LON: ITH) and Equinor (OSLO: EQNR) will see the valuations of their West of Shetland oilfields increase by half a billion dollars after electrification, according to analysis.
Your 2023 North Sea forecast: Cambo, Rosebank to drive spend to 20 year high, but it’s ‘now or never’
When this edition of the Energy Voice supplement was published a year ago, the North Sea oil and gas industry was in the doldrums.
Westminster’s hopes of spurring North Sea spend in the coming years could be derailed by one fundamental issue: a lack of available projects.
Ithaca Energy is preparing to pull the trigger on hundreds-of-millions of pounds worth of spend, should a handful of North Sea projects get the go ahead.
North Sea producer Ithaca Energy (LON: ITH) has posted pre-tax profits of more than $2bn in its first set of results since its London debut.
A host of North Sea environmental statements (ES), lodged between April and August, are still to be rubber stamped, with some expected to receive sign off before the year is out.
The CEO of the North Sea Transition Authority (NSTA) has been shouted off stage by protestors – during a speech about the energy trilemma.
Those enjoying the festivities at Aberdeen's Christmas village were met with Extinction Rebellion activists today as they protested the Rosebank oil field.
Norway’s Equinor said it is “still working hard” on sanctioning the Rosebank oilfield in the first quarter of next year – despite the latest windfall tax “uncertainty”.
The looming threat of changes to the UK windfall tax is the “biggest question” hanging over development of the huge Cambo and Rosebank oilfields.